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RCL
Benzinga
19 hrs

Royal Caribbean (RCL) Stock Surges On Fed Rate Cut, $2 Billion Buyback Plan

1. RCL announced a $1 quarterly dividend and a $2B share buyback program. 2. Federal Reserve cut interest rates by 25 basis points, aiding leisure travel. 3. RCL's total capital returned to shareholders is $1.9 billion since July 2024. 4. Shares rose 4.86% to $260.38 but are below key moving averages. 5. Benzinga rates RCL with a strong growth score despite mixed price trends.

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FAQ

Why Bullish?

RCL's dividend and buyback indicate strong financial health, historically boosting stock prices.

How important is it?

The combination of capital return and favorable macroeconomic conditions greatly influences investor sentiment.

Why Short Term?

Immediate benefits from share buyback and dividends, likely impacting upcoming quarterly results.

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